The FOMC delivered a cautious rate hike, raising concerns about the banking sector turmoil.
![image](https://f.bpcdn.co/original/4X/4/1/9/419ee1fe125853769ac8920d78d4418dc41644c2.png)
The dot-plot median was unchanged for the end of this year.
![image](https://f.bpcdn.co/original/4X/2/e/2/2e2890d21f3cc7f66ff601f87ae8ee2ca8c26578.png)
But the market calls BS and continues to expect rate cuts this year, even as Chair Powell continues to push back on the idea.
![image](https://f.bpcdn.co/original/4X/3/9/c/39c229e153a3eaa74a4c536eb44e83294387ce53.png)
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